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06/07/2019 |

Market Update Into 6/10: Broad Markets Break Key Resistance

In this weekend’s analysis, we take a look at the broad market ETFs and how the “Raindrops” are looking into next week. Learn more about Raindrop charts in this week’s user guide!

Weekend Analysis


$SPY: Daily vs. Weekly Chart

$SPY daily and weekly charts.

$QQQ: Daily vs. Weekly Chart

$QQQ daily and weekly charts.

$XBI: Daily vs. Weekly Chart

$XBI daily and weekly charts.


$TEUM: Before vs. After

In this weekend’s before and after, the daily raindrop “Before” showed heavy selling into the second half of the day with new lows created. The “After” shot shows the continuation down to the alert area below before a dead cat bounce commenced and then continued its HARD drop down. Learn more about raindrops and sensitivity alerts in the User Guide.

Before

$TEUM daily raindrop "before" chart showing heavy selling.

After

$TEUM daily raindrop "after" chart showing a dead cat bounce and continued heavy selling.